|
|
|
|
Interactive Media & Services Industry Stocks Technical Analysis - GOOGArchive
- 11/8/2024 -
Sign In to see current Signals. |
Google Inc. (GOOG) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a fourth consecutive positive week for the Google Inc. (GOOG). During the week, the GOOG gained 7.40 points, or 4.28%, and closed at 180.10 on Friday, November 8, 2024. It was the best weekly gain since July 5, 2024. Weekly volume was -16% below average.
GOOG is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See GOOG long-term trend chart]
A long-term downtrend had started on February 2, 2022 at 3042.00 and reached 83.45 on November 3, 2022. GOOG lost 2958.55 points, or 97.26%, in 39 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 160.70 and resistance is at 190.19. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend.
 Medium-term trend: [See GOOG medium-term trend chart]
A medium-term uptrend had started on November 3, 2022 at 83.45 and reached 193.31 on July 10, 2024. GOOG gained -109.86 points, or -131.65%, in 87 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 155.76 and resistance is at 192.96. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See GOOG short-term trend chart]
A short-term uptrend had started on October 9, 2024 at 161.12 and reached 183.80 on October 30, 2024. GOOG gained -22.68 points, or -14.08%, in 21 days. The price is now at the 16.31% retracement level.
 Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 25, 2024. This is an indication that the short-term trend is up.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Communication Services |
11 |
| Industry |
Interactive Media & Services |
91 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
161.12 |
| Low Date |
10/09/2024 |
| High |
183.80 |
| High Date |
10/30/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
148.20 |
| Low Date |
09/09/2024 |
| High |
183.80 |
| High Date |
10/30/2024 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
193.31 |
| High Date |
07/10/2024 |
| Low |
148.20 |
| Low Date |
09/09/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
192.96 |
| Support |
155.76 |
| Low |
83.45 |
| Low Date |
11/03/2022 |
| High |
193.31 |
| High Date |
07/10/2024 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Rectangle |
| Status |
Valid |
| Resistance |
190.19 |
| Support |
160.70 |
| High |
3042.00 |
| High Date |
02/02/2022 |
| Low |
83.45 |
| Low Date |
11/03/2022 |
|
|